Coranado Company purchases $70,000 of inventory from a wholesaler who allows 45 days to pay. In addition, the wholesaler offers a 3% discount if payment is made within 12 days. These payment terms would be expressed as:

n/45, 3/12.
		0.03/12, n/45.
		n/45, 0.03/12.
		3/12, n/45.